1. LME price falls toward two-week lows as Russia agree on steps toward a full ceasefire and peace deal in Ukraine.
LME Cash aluminum prices closed the session down 1.4% or $… per mton, at $… per mton. Prices fell to a nearly two-week low as a phone call between Presidents Trump and Putin took place today, with Russia agreeing to…
2. China’s aluminum price fell to a one-week low amid downbeat demand sentiment and US-Russia discussions.
SHFE front-month aluminum prices closed today’s session down 0.2% at… yuan per mton, extending losses in after-hours to…
3. RERUN: ALERT! – US MW PREMIUM. US IMPORT SPIKE: Import surge to delay MW premium reaching… cent/lb.
For more details, please see HARBOR’s “ALERT! – US MW Premium” released yesterday.
4. RERUN: ALERT! – US & EUROPE ALUMINUM. EUROPE FOLLOWS TRUMP: EU to launch aluminum import investigation, may tax scrap exports.
For more details, please see HARBOR’s “ ALERT! – US & Europe Aluminum” released yesterday.
5. ALERT! – US EXTRUSION SCRAP. RALLY CONTINUES: Extrusion scrap prices rise toward peak multi-year levels.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. LME Cash-3M backwardation eases to one-week lows (still bearish P1020 premiums).
The Cash-3M backwardation narrowed to a one-week low of $… per mton, from $… per mton previously, amid tomorrow’s settlement of the March third Wednesday contract. The March–April backwardation…